Home EUR/JPY Technical Analysis: Falling channel breakout on hourly chart

EUR/JPY Technical Analysis: Falling channel breakout on hourly chart

Updated: 14 Feb. 2019 | 03:18

The EUR/JPY pair is currently trading at 125.05 and could soon rise to 125.20-125.25, as the hourly chart is reporting a falling channel breakout.

Notably, that breakout is backed by the bullish crossover between the 50- and 200-hour moving averages (MAs).

Hourly chart

Trend: bullish

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